What is a High-Value Health Insurance Plan? - Benefits

Not long ago, Rs. 5 lakhs or even Rs. 10 lakhs health insurance coverage seemed perfectly adequate. However, with advancements in medical facilities, the cost of healthcare has increased multifold. The health insurance industry is responding to the steep rise in healthcare expenses by offering high-value health insurance policies.

High-value medical insurance plans are more exhaustive and holistic with enough coverage to match skyrocketing healthcare costs and covering critical illness and new-age treatments. In this article, you will learn about the need for high-value health insurance policies and their unique benefits.

A high-value health insurance plan is designed to cover expensive healthcare treatments. Typically, the sum insured for these policies is higher and can go up to Rs. 1 crore or more. What differentiates high-value medical insurance from regular health insurance is the sum insured amount. 

Along with the higher coverage for hospitalisation, it also provides coverage for critical illnesses, pre and post-hospitalisation, Outpatient Department (OPD) expenses, organ transplant, advanced-stage cancer, day-care procedure, and other non-hospitalisation coverages.

Opting for a high-value health insurance plan is clearly dependent on your net worth, health insurance needs and future earnings. But the fact remains that health insurance is essential, and if you can afford the high premium, you should opt for the same. Also, if you prophesise the need for medical treatments in a foreign country, you should consider high-value health insurance. Unless you are a high net-worth individual (HNI), access to high-value health insurance can be challenging due to the higher premium it warrants. However, if you are not an HNI, you can opt for the top-up or super top-up plans to extend the coverage of the basic plan.